A comfortable daily allowance in Mexico is 70-150 USD per person. This will allow you to do a few more luxurious tours, eat at nicer restaurants, or stay at a mid-range hotel.
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As $2,000 USD would become $35,000 MXN, you could afford a $9,000 MXN rent (a regular 60 sq meters apartment in a middle range area), a $800MXN a month gym (mid-top range) purchasing a $5,000 MXN a month low range new car like a Nissan Tsuru or a Hyundai H10 (36 months), plus $2,000 MXN a month of gas, insurance fees, ...
The best currency to take to Mexico is the local currency, the Mexican peso. US dollars are also highly exchangeable at local banks and currency exchange offices. However, instead of converting physical banknotes, the cheapest way to pay in Mexico is to use a multi-currency travel debit card like Revolut or Wise.
TOUR AND ACTIVITY GUIDESIf you're on a tour with a lot of people (20-100 people), each person should leave a tip of at least $5 U.S. (90 pesos). If you're on a tour with very few people (e.g., four people in your family), the group should leave a tip that is equivalent to 15-20% of the cost of the tour.
It's up to you how much you tip, but the recommended amount in Mexico is between 10% – 20% (15% is a good standard in tourist areas) of the bill or ticket price.
At food stalls and low-cost eateries (fondas and cocinas economicas) most patrons do not leave a tip, but if you do give one, it is greatly appreciated. When drinking at a bar, whether it be in town or at your all-inclusive resorts, it is appropriate to tip 20 pesos per drink, or the equivalent to $1 USD.
One can live in Mexico on $1,000 a month or even less quite easily. In fact, locals live on much tighter budgets. As a foreigner, you will see that pretty much everything costs less than in your home country. Rent, food, transportation and healthcare in Mexico are much cheaper than in the US, Canada or Western Europe.
Preparing your travel money options beforehand is the key to a stress-free vacation. Credit cards, debit cards, prepaid travel cards and cash are all accepted in Mexico. Outside of a few purchases like transportation fare or local shops, a credit card will be your best bet for everyday purchases.
Before your trip, exchange money at your bank or credit union, which likely offers better rates and fewer and/or lower fees. See if your bank or credit union will buy back any leftover foreign currency for when you return.